Monday, September 24, 2012

Colliers International Completes Sale of Industrial Building in Orange, CA



ORANGE, CA. (Sept. 24, 2012) Colliers International, the third largest global real estate services organization, has completed the $1,059,000 sale of a 10,000-square-foot industrial building located at 1721 Lime St. in Orange, Calif.

Chuck Wilson (top right photo) and Blake Garrett (lower left photo) of Colliers International represented the buyer, Excell Excavating, Inc., an excavating and demolition company, who will use the property for its corporate headquarters. 

Mike Hefner and Mike Vernick with Voit represented the seller, Berg Family Trust from Laguna Hills, Calif. The tenant is expanding and relocating from Laguna Niguel, Calif.

“A building of this size with a fenced yard is hard for an owner/user to find in Orange County as the for-sale market is extremely tight,” said Wilson, senior vice president with Colliers International. “We were able to identify this opportunity for the buyer who will begin making significant improvements to the property which had some deferred maintenance.”

Built in 1976, the free-standing industrial building offers a fenced yard and is situated on .56 acres. The property is well located near the major freeways in Orange County.

Contact:

Darcie Giacchetto
Spaulding Thompson & Associates
949.278.6224

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